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this post was submitted on 29 Aug 2024
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Technology
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This is a false narrative that stock traders push. The fiduciary duty is just one of several that executives have, and does not outweigh the duty to the company health or to employees. Obviously shareholders will try to argue otherwise or even sue to get their way, because they only care about their own interests, but they won't prevail in most cases if there was a legitimate business interest and justification for the actions.